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Trading Made Simple

  • #69,701
  • Jun 21, 2016 9:06am Jun 21, 2016 9:06am
[quote=pete.alfa;8991323]
Quoting emmanuel7788
{quote} EURNZD June 21 D1 chart starting to look good...[/ Already in too. Thanks


Are you in on the h4?
  • #69,702
  • Jun 21, 2016 9:55am Jun 21, 2016 9:55am
Quoting emmanuel7788
{quote} EURNZD June 21 D1 chart starting to look good...
Hi,

If today's candle close bearish, can we expect the price to reach 1.5600 level?
  • #69,703
  • Jun 21, 2016 2:19pm Jun 21, 2016 2:19pm
Quoting TrendyRanger
{quote} Hi, If today's candle close bearish, can we expect the price to reach 1.5600 level?
Hi,

We do trade base on what we see.
MN Big Picture shows historical swing levels below. I target my TP at those levels.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD MN Big Picture.png Size: 22 KB

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,704
  • Jun 21, 2016 2:21pm Jun 21, 2016 2:21pm
[quote=kain775;8991477]
Quoting pete.alfa
{quote} Are you in on the h4?

Last week, I traded H4 when the market was in that D1 WRB.

Today I took 95pips and re-enter on H4.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 24 trades D1-WRB.png Size: 49 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,705
  • Jun 21, 2016 7:01pm Jun 21, 2016 7:01pm
EURCAD D1 chart sell zone on June 22...anyone?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,706
  • Jun 21, 2016 7:08pm Jun 21, 2016 7:08pm
Quoting emmanuel7788
EURCAD D1 chart sell zone on June 22...anyone?
I'm in since beginning of tuesdays-D1-candle
Attached Image
  • #69,707
  • Jun 21, 2016 7:27pm Jun 21, 2016 7:27pm
Quoting zackery
{quote} I'm in since beginning of tuesdays-D1-candle {image}
you are an early bird.
there is potential seen on the MN chart ...
this month can make lower low.
then target April MN low
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,708
  • Jun 21, 2016 7:54pm Jun 21, 2016 7:54pm
Quoting emmanuel7788
{quote} I learned that from babypips school. http://www.babypips.com/school/eleme...istance-levels profesional traders like strat uses that in his thread. http://www.forexfactory.com/showthread.php?t=155459 I follow what I learn from great traders. you like Line Chart... here is mine for Brexit trading. must be patient, wait for the June 23 referendum...

GBPUSD D1 June 22 update.

As we see using the Line Chart, yesterday closed with pull back.

To buy, we wait till we see price action break above the last swing high as in the previous post. Look for setup using TMS chart template.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD D1 Line Chart June 22.png Size: 25 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,709
  • Jun 21, 2016 8:24pm Jun 21, 2016 8:24pm
Quoting emmanuel7788
EURCAD D1 chart sell zone on June 22...anyone?
Sir, I am trying to understand better the concept of sell zone. In the EURCAD trade, when you say "sell zone", are you referring to the same thing as in this post you showed me earlier?

http://www.forexfactory.com/showthre...38#post8782438

I thought to be qualified as being in the sell zone, EURCAD would need to break below the previous month low and the April month low to have more "clear space" to the downside.
  • #69,710
  • Jun 21, 2016 8:42pm Jun 21, 2016 8:42pm
[quote=emmanuel7788;8992095]
Quoting kain775
{quote} Last week, I traded H4 when the market was in that D1 WRB. Today I took 95pips and re-enter on H4. {image}

HI Emaa

These RED and PURPLE lines are drawn by an indicator or you draw by manually?

if it is an indicator, is it possible to post pls.
Thx
imdi
  • #69,711
  • Jun 21, 2016 9:21pm Jun 21, 2016 9:21pm
[quote=imdisaait;8992414]
Quoting emmanuel7788
{quote} HI Emaa These RED and PURPLE lines are drawn by an indicator or you draw by manually? if it is an indicator, is it possible to post pls. Thx imdi
Lines and Colours:

all my lines are drawn manually.
I colour them so that I know which TF I draw them. The same for WRB high low, etc.

Violet (Purple) colour = Monthly
DarkOrange colour = Weekly
Red colour = Daily
Green colour = H4
Blue colour = H1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,712
  • Jun 21, 2016 9:27pm Jun 21, 2016 9:27pm
Quoting antonym
{quote} Sir, I am trying to understand better the concept of sell zone. In the EURCAD trade, when you say "sell zone", are you referring to the same thing as in this post you showed me earlier? http://www.forexfactory.com/showthre...38#post8782438 I thought to be qualified as being in the sell zone, EURCAD would need to break below the previous month low and the April month low to have more "clear space" to the downside.

The are different phases of the volatility zones according to Manning Stoller and John Bollinger.

TMS will not work in sideways narrow range zones.

Know each zone and know when to make our money work harder for us.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Week 25 sell zone phase 1 2 3.png Size: 90 KB


is George Soros concern with Brexit? what about Warren Buffet?

why do we even care?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,713
  • Jun 21, 2016 9:57pm Jun 21, 2016 9:57pm
Quoting emmanuel7788
{quote} The are different phases of the volatility zones according to Manning Stoller and John Bollinger. TMS will not work in sideways narrow range zones. Know each zone and know when to make our money work harder for us. {image} is George Soros concern with Brexit? what about Warren Buffet? why do we even care?


emmanuel, what about the daily lows near 27th november 2015, should we not be concerned about resistance here?
  • #69,714
  • Jun 22, 2016 1:00am Jun 22, 2016 1:00am
Quoting kain775
{quote} emmanuel, what about the daily lows near 27th november 2015, should we not be concerned about resistance here?

Hi,

I don't see that Nov 27, 2015 1.6114 anywhere near where current market is trading. Why does that concern you?

What we should be concern with is how the herd behaves in that timeframe which we trade. For example, if we are trading H4 and we see moving averages like the 10EMA, 50EMA and 200EMA near where the price action is, the mentalilty of the herd is Fear and Greed near and around these common moving averages.
As traders, we must learn to stay away from volatility created to fill orders. This is one reason why I don't trade with single entry / single exit SE/SE for my 4H swing trading and D1 position trading. ME/ME has an advantage over SE/SE.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,715
  • Jun 22, 2016 3:16am Jun 22, 2016 3:16am
Quoting tibovwh
{quote} I traded D1 charts but opened an agressive USDCAD trade with a 4H grid also. My manager currently cannot BE individual trades (because the SL is the same for all entries), maybe smt I can work on this summer. I took some losses with oldest trades to allow another position to be opened but the biggest problem was not following the cut loss rule. Also lots of GBP. Mainly positive results since April but this is the first week that I really got caught out bad. Anyway.. few more months to perfect what Im doing Best, {image} {image} {image} {image}...

Quoting mkfx
{quote} Thanks Emmanuel The Pair is UJ and Period is 1st June 2015 to 5th June 2016 Market type All most always in Market either on Long or Short. Most of the time basked closed before hitting SL and start a new basket on other side. Regards MK

Hi tibovwh ,
Hi MKFX,

you two are the most active in ME/ME trading and in development of trade manager.
see attached pdf notes for your own study and development of your trade manager for ME/ME trading.
hope this will help with some input to make your trade manager better and better understanding of the money management strategy.

regards,
Attached File(s)
File Type: pdf Tibovwh MEME trade management suggestion.pdf   715 KB | 1,237 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,716
  • Jun 22, 2016 3:16am Jun 22, 2016 3:16am
Quoting emmanuel7788
{quote} Hi, I don't see that Nov 27, 2015 1.6114 anywhere near where current market is trading. Why does that concern you? What we should be concern with is how the herd behaves in that timeframe which we trade. For example, if we are trading H4 and we see moving averages like the 10EMA, 50EMA and 200EMA near where the price action is, the mentalilty of the herd is Fear and Greed near and around these common moving averages. As traders, we must learn to stay away from volatility created to fill orders. This is one reason why I don't trade with single...

hi emmanuel,
i meant 27th November around 1.40500,

before price reaches this area on your chart you are in the run phase, but it looks to me like 1.40500 November 27th 2015 to dec 3rd could act as support for price
  • #69,717
  • Jun 22, 2016 3:42am Jun 22, 2016 3:42am
Quoting kain775
{quote} hi emmanuel, i meant 27th November around 1.40500, before price reaches this area on your chart you are in the run phase, but it looks to me like 1.40500 November 27th 2015 to dec 3rd could act as support for price

Hi,

I see that now. We just have to watch the price action when it near to that level.
Should pay attention when the PA breaks April 2016 Low. The test of Jan 2016 Open should that happen will see a big D1 candle close across that level. Whether the market continues below Jan 2016 Open is something we should pay attention.

Trade Well.

Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 2016 Jan Open.png Size: 85 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,718
  • Jun 22, 2016 4:51am Jun 22, 2016 4:51am
Quoting emmanuel7788
{quote} Hi, I see that now. We just have to watch the price action when it near to that level. Should pay attention when the PA breaks April 2016 Low. The test of Jan 2016 Open should that happen will see a big D1 candle close across that level. Whether the market continues below Jan 2016 Open is something we should pay attention. Trade Well. {image}
Unless we are looking at different charts, I see that candle as Dec 1st 2015
the cautious seldom err....C
  • #69,719
  • Jun 22, 2016 4:57am Jun 22, 2016 4:57am
Quoting pips29
{quote} Unless we are looking at different charts, I see that candle as Dec 1st 2015

At least now i know one person is not sleeping like me...

Sorry, my mistake! effect of lack of sleep watching Euro2016 games, Italy plays Spain in last 16 knock-out round on Sat June 25. I did not hope for this at this stage. I prefer they meet in semi finals.

corrected chart below,...
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD 2015 Dec Open.png Size: 74 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #69,720
  • Jun 22, 2016 5:54am Jun 22, 2016 5:54am
Quoting emmanuel7788
{quote} At least now i know one person is not sleeping like me... Sorry, my mistake! effect of lack of sleep watching Euro2016 games, Italy plays Spain in last 16 knock-out round on Sat June 25. I did not hope for this at this stage. I prefer they meet in semi finals. corrected chart below,... {image}
They have themselves to blame for taking the Croats lightly
the cautious seldom err....C
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